Business News
Tech stocks lift Wall Street amid trade hopes
U.S. stocks rose on Friday as technology shares were boosted by signs of progress in the ongoing trade talks between the United States and China.
Year: 2019
Business News
U.S. judge will not block Amazon-Berkshire-JPMorgan health venture’s new hire
A federal judge on Friday declined to block a UnitedHealth Group Inc unit’s former executive from working at a new healthcare venture launched by Amazon.com Inc, Berkshire Hathaway Inc and JPMorgan Chase & Co.
Business News
VW warns of challenges, to redouble efforts to meet targets
Volkswagen warned investors about a tough year ahead as the car and truck making group reported preliminary annual results on Friday that were weighed down by currency headwinds and supply bottlenecks caused by new emissions testing rules.
Business News
Exxon, Microsoft strike cloud computing agreement for U.S. shale
Exxon Mobil Corp and Microsoft Corp have agreed to use cloud technology in the U.S. oil producer’s shale operations, they said on Friday, helping to boost profitability in the nation’s largest shale field.
Business News
Madoff customer payout tops $12 billion
The court-appointed trustee liquidating Bernard Madoff’s firm said he began distributing $464 million to the imprisoned swindler’s former customers on Friday, boosting their recovery to roughly $12.2 billion.
Business News
France wants agriculture kept out of a EU-U.S. trade deal: Elysee
France opposes including agricultural products in any trade deal between the United States and the European Union, a source at French President Emmanuel Macron’s office said on Friday.
Business News
VW warns of headwinds, to redouble efforts to meet targets
Volkswagen warned investors about a tough year ahead as the 12-brand car and truck making group posted disappointing preliminary full-year results on Friday.
Business News
EU drafting retaliatory tariff list hitting Caterpillar, Xerox, Samsonite: Bloomberg
The European Union has drafted a list of retaliatory tariffs that would target Caterpillar Inc, Xerox Corp and Samsonite International if U.S. President Donald Trump imposes duties on European cars, Bloomberg News reported on Friday, citing an unnamed senior EU official.
Business News
Kraft Heinz write-down puts focus on years of cost cuts, shares fall 27 percent
Kraft Heinz Co shares fell to their record low on a slew of bad news, mainly centering on a multi-billion dollar write-down, which had investors wondering if years of rigorous cost cuts came at the expense of losing the value of its marquee Kraft and Oscar Mayer brands.
Business News
Wall St. set to bounce on signs of trade progress
U.S. stock index futures pointed to a higher open on Friday on signs of progress in the ongoing trade talks between the United States and China.
Business News
Oil hits new 2019 high on U.S.-China trade talk hopes
Oil prices rose on Friday, supported by OPEC’s ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute.
Business News
EU debates when to start trade talks with Trump
European Union ministers began debating on Friday when to start trade negotiations with the United States, aware that U.S. President Donald Trump may impose punitive tariffs on EU car imports if they wait too long.
Business News
EU trade chief sees EU decision soon to start U.S. trade talks
European Trade Commissioner Cecilia Malmstrom said on Friday she expected European Union governments to decide soon to start trade negotiations with the United States.
Business News
U.S. farmers receive $7.7 billion in trade aid to date: USDA
U.S. Department of Agriculture has paid out $7.7 billion so far to farmers, William Northey, Undersecretary for Farm Production and Conservation, said on Friday, in aid designed to offset the negative impact of tariff imposition.
Business News
Kraft Heinz write-down puts focus on years of cost cuts, shares slump
Kraft Heinz Co shares fell 20 percent on a slew of bad news, mainly centering on a multi-billion dollar write-down, which had investors wondering if years of rigorous cost cuts came at the expense of losing the value of its marquee Kraft and Oscar Mayer brands.